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good read on the economy with maria's exclusive interview there in san francisco with the president of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day, thebest, up as many as 161 points. after stronger than expected manufacturing data set the tone this morning for this market. stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off
. 1:00 p.m. in san francisco. do you know where your money is? hi, everybody. welcome back to the "closing bell." big reversal of fortune in the final hour of trading. i'm maria bartiromo. here's what we're following at the close. mixed market on wall street today. the dow climbing 52 points early in the trading session giving back all those gains and them some, but coming back by the close. the nasdaq closing in the green due to a big late day gain by apple. a complete reversal there as well. the dow jones industrial average closing down just about 30 points after coming back from that early day loss. what should you do? what do you make of another late-day swing? a trio of top strategists will be weighing in coming up in the program. then a rare and exclusive interview for you with larry ellison. the stock has been on fire. we have so much to get with him, including if oracle is looking to do more deals. plus, his take on apple's future without his close friend steve jobs. and interview you won't want to miss. joining us coming up. meanwhile, let's look that the reversal
lexactly what i . i was in boston about a week and a half ago. it was hopping. you go to new york city, san francisco, florida, you go around the country, restaurants are full. you walk into a starbucks, that stock is down, yet here in the u.s., it's always busy. the same for mcdonald's. i think some of these stocks actually are getting quite cheap and interesting from a domestic perspecti perspective. the wild card still seems to be overseas. >> maria, they keep talking global, global. when i look at some of those companies -- in fact, this morning i was tweeting it out. some companies talking more ambitiously about their u.s. business. you have chicago bridge come out this afternoon. they were talking about their business in the u.s. being okay. >> well, that's the thing. i think corporates today are, you know, healthier and more lean and mean than they've ever been. frankly, i think the corporate sector is very well positioned. the problem is they're sitting on their cash because of the unstiu uncertainties, and are looking at a slower demand picture outside of the united states. that's
more impact on the business and certasectors. dick kovacevich joins me now from san francisco. thank you time for us today. you've seen storms like this at the helm of wells fargo. what's yours reaction to this storm response we've seen by state and local communities and business? >> our hearts go out to all of you on the east coast. we sincerely hope you get through this safely. we all have had storms and we've gone through this before. i think one of the advantages of a storm is that we do get a warning. in this case we've had days of warning. it allows us to prepare for a serious event like this. and perhaps even more importantly, it allows us to be ready to handle the aftereffects of such a devastation. >> say -- >> compared to an earthquake or terrorism, which you don't get any warning for. so, it does help to us handle this. >> what about the fact that the markets have been closed, i mean, the markets closed today, closed tomorrow. two days of trading interrupted. we haven't seen this, obviously, since september 11th. and before that, the only time the markets were closed due
of what the market will do next which is probably not pretty. >> happy you have your san francisco giants gear on. >> that's right. >> world series parade today, some happy times in the middle of all of this upset. >> yes, the giants are big -- sorry, maria? >> i said nice hat. >> thank you, yes it's a big deal up here in northern california, the big parade. i would have loved to have been there. the giants were a bit of a surprise to win the world series but always surprise us on the upside and we're all thrilled and hopefully the 49ers can do it, too. >> brian any surprises for you? october historically tough for the market but this year especially tough. >> remember we're also playing a pare back. you had a 14% run off of the june low. so to see consolidation vis-a-vis the fiscal cliff and election it's no surprise. wells fargo is looking to add to risk assets in the equity markets on pullbacks on the cyclical side, we like consumer discretionary, tech effect, and i think also looking in keeping an eye out in some of the nuances out of the hurricane, for example you look at the home im
Search Results 0 to 4 of about 5